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Reinvestment Strategy-Based Project Portfolio Selection and Scheduling with Time-Dependent Budget Limit Considering Time Value of Capital

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Proceedings of the 2015 International Conference on Electrical and Information Technologies for Rail Transportation

Part of the book series: Lecture Notes in Electrical Engineering ((LNEE,volume 378))

Abstract

The selection and schedule of right project portfolio is an important part of successful project management. Considering annual budget and time value of capital, a mathematical optimization model is proposed to address the problem of simultaneously selecting and scheduling a suitable project portfolio among available projects based on reinvestment strategy. For practical situations, annual budget is assumed time-dependent and time value of capital is also integrated into the model. Through reinvestment strategy, the profit generated by completed projects can be reinvested to finance other projects to maximize total profit of the portfolio. Additional constraint of interrelationship among projects, such as partial exclusiveness is also incorporated into the model to represent closely specified problems. Finally, an experiment study is presented to validate the model capability for dealing with optimal selection and schedule of project portfolio under considerations.

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Author information

Authors and Affiliations

  1. School of Engineering Science, University of Chinese Academy of Sciences (UCAS), No. 19A Yuquan Road, 100049, Beijing, China

    Baolong Wang & Yuantao Song

Authors
  1. Baolong Wang
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  2. Yuantao Song
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Corresponding author

Correspondence to Yuantao Song .

Editor information

Editors and Affiliations

  1. Beijing Jiaotong University, Beijing, China

    Yong Qin

  2. Beijing Jiaotong University, Beijing, China

    Limin Jia

  3. CSR Zhuzhou Institute CO., LTD., Zhuzhou, China

    Jianghua Feng

  4. University of Birmingham, Birmingham, United Kingdom

    Min An

  5. Beijing Jiaotong University, Beijing, China

    Lijun Diao

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© 2016 Springer-Verlag Berlin Heidelberg

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Wang, B., Song, Y. (2016). Reinvestment Strategy-Based Project Portfolio Selection and Scheduling with Time-Dependent Budget Limit Considering Time Value of Capital. In: Qin, Y., Jia, L., Feng, J., An, M., Diao, L. (eds) Proceedings of the 2015 International Conference on Electrical and Information Technologies for Rail Transportation. Lecture Notes in Electrical Engineering, vol 378. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-49370-0_39

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  • DOI: https://doi.org/10.1007/978-3-662-49370-0_39

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  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-662-49368-7

  • Online ISBN: 978-3-662-49370-0

  • eBook Packages: EnergyEnergy (R0)

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